OVERWATCH AEROSPACE LTD

• ⚠

  Material uncertainty over going concern

  As a result, the directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis. Accordingly, the financial statements have been prepared on a break-up basis, under which assets are stated at their estimated realisable values and liabilities include provisions for costs expected to be incurred in connection with the cessation of trading.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -99.4%

  £15,702,581 → £96,335

• Cash

  -92.9%

  £13,009,624 → £920,540

• Net assets

  -85.2%

  £15,338,077 → £2,273,500

  first positive since 2022

• Employees

  -40%

  30 → 18

• Operating profit

  -158%

  £8,224,568 → -£4,770,511

• Profit before tax

  -166%

  £8,810,283 → -£5,815,013

  lowest in 3 filed years

• Wages

  -8.1%

  £1,660,999 → £1,526,999

  lowest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BK Plus Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As a result, the directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis. Accordingly, the financial statements have been prepared on a break-up basis, under which assets are stated at their estimated realisable values and liabilities include provisions for costs expected to be incurred in connection with the cessation of trading.”

Group structure

1. OVERWATCH AEROSPACE LTD · parent
   1. Overwatch Aerospace LLC 100% · Florida · Dormant

Significant events

• “During the financial year, the company completed all existing customer contracts. The directors have determined that no further contracts will be entered into and that the company will therefore cease trading.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.